Temenos appoints regional director for Central and Eastern Europe
23 January 2007
GENEVA, Switzerland – 23 January 2007 - TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems today announced the appointment of Armin Holst as regional director for Central and Eastern Europe (CEE). Following strong growth over the past few years, TEMENOS continues to strengthen its management team to ensure focus on servicing the needs of an increasing client base and to oversee the implementation of its business growth initiatives. The creation of a third region in EMEA reflects TEMENOS’ commitment to investing in its operations across this important and unique market.
In this newly created role, Holst reports to Mark Cullinane, chief operating officer, and is based in TEMENOS’ Luxembourg office. Jean Michel Hilsenkopf will continue to head up Southern Europe, Middle East and Africa (SEMEA), including France, Spain and Portugal, while Holst will assume responsibility for developing the business across the rest of continental Europe, including Holland. Costa Christodoulou remains regional director for northern Europe, including the UK, Ireland, Channel Isles, Scandinavia, Baltic and CIS territories.
Holst comments: “I’ve seen TEMENOS continue to achieve significant growth and gain market share against its competitors, becoming a true market leader in core banking. My aim is to focus on delivering against our customers’ requirements in the CEE region and continue to expand the company’s offerings.”
Holst has over 20 years of sales and general management experience in the banking software and IT industry. Previously, he was worldwide sales director and member of the board at Misys Banking Systems from 2001, having originally headed up the company’s European operations since 1996. Holst began his career with Nixdorf Computer AG, where he held various sales and marketing positions. He is a German national and holds degrees in electronics and business economics from the University of Cologne.
Andreas Andreades, CEO, TEMENOS, adds: “Although we are achieving a great deal of success, there remains the significant potential for further growth in our marketplace. The new role plays an important part in helping us realise this by creating our fifth geographic region and expanding our management resources. This reinforces our strategy to continue investing in our business and ensure customers can benefit from our exceptional products and support services.”
TEMENOS has an international client-base of over 500 financial institutions and continues to attract global tier 1 and regional banks as a result of its superior products, TEMENOS T24 and TEMENOS™ COREBANKING.
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About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com